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Reversal + Confirm ZonesThis script is written in Pine Script (version 5) for TradingView and creates an indicator called **"Reversal + Confirm Zones"**. It overlays visual zones on a price chart to identify potential reversal points and confirmation signals for trading. The indicator combines **Bollinger Bands** and **RSI** to detect overbought/oversold conditions (reversal zones) and uses **EMA crosses** and **MACD zero-line crosses** to confirm bullish or bearish trends. Below is a detailed explanation: --- ### **1. Purpose** - The script highlights: - **Reversal Zones**: Areas where the price might reverse due to being overbought (green) or oversold (red). - **Confirmation Zones**: Areas where a trend reversal is confirmed using EMA and MACD signals (green for bullish, red for bearish). - It provides visual backgrounds and alerts to assist traders in spotting potential trade setups. --- ### **2. Components** The script is divided into two main parts: **Reversal Logic** and **Confirmation Logic**. --- ### **3. Reversal Logic (Red & Green Zones)** #### **Bollinger Bands** - **Parameters**: - Length: 20 periods. - Source: Closing price (`close`). - Multiplier: 2.0 (standard deviations). - **Calculation**: - `basis`: 20-period Simple Moving Average (SMA). - `dev`: 2 times the standard deviation of the price over 20 periods. - `upper`: `basis + dev` (upper band). - `lower`: `basis - dev` (lower band). - **Purpose**: Identifies when the price moves outside the normal range (beyond 2 standard deviations). #### **Relative Strength Index (RSI)** - **Parameters**: - Length: 14 periods. - Low Threshold: 30 (oversold). - High Threshold: 70 (overbought). - **Calculation**: `rsiValue = ta.rsi(close, rsiLength)`. - **Purpose**: Measures momentum to confirm overbought or oversold conditions. #### **Zone Conditions** - **Red Zone (Oversold)**: - Condition: `close < lower` (price below lower Bollinger Band) AND `rsiValue < rsiLowThreshold` (RSI < 30). - Visual: Light red background (`color.new(color.red, 80)`). - Alert: "Deep Oversold Signal triggered!". - **Green Zone (Overbought)**: - Condition: `close > upper` (price above upper Bollinger Band) AND `rsiValue > rsiHighThreshold` (RSI > 70). - Visual: Light green background (`color.new(color.green, 80)`). - Alert: "Deep Overbought Signal triggered!". #### **Interpretation** - Red Zone: Suggests the price is oversold and may reverse upward. - Green Zone: Suggests the price is overbought and may reverse downward. --- ### **4. Confirmation Logic (EMA and MACD Crosses)** #### **Exponential Moving Averages (EMAs)** - **Parameters**: - Short EMA Length: 9 periods (user adjustable). - Long EMA Length: 21 periods (user adjustable). - **Calculation**: - `emaShort = ta.ema(close, emaShortLength)`. - `emaLong = ta.ema(close, emaLongLength)`. - **Conditions**: - **Bullish EMA Cross**: `emaCrossBullish = ta.crossover(emaShort, emaLong)` (9 EMA crosses above 21 EMA). - **Bearish EMA Cross**: `emaCrossBearish = ta.crossunder(emaShort, emaLong)` (9 EMA crosses below 21 EMA). #### **MACD** - **Parameters**: - Fast Length: 12 periods (user adjustable). - Slow Length: 26 periods (user adjustable). - Signal Smoothing: 9 periods (user adjustable). - **Calculation**: - ` = ta.macd(close, macdFastLength, macdSlowLength, macdSignalSmoothing)`. - Only the MACD line and signal line are used; the histogram is ignored (`_`). - **Conditions**: - **Bullish MACD Cross**: `macdCrossBullish = ta.crossover(macdLine, 0)` (MACD crosses above zero). - **Bearish MACD Cross**: `macdCrossBearish = ta.crossunder(macdLine, 0)` (MACD crosses below zero). #### **Combined Confirmation Conditions** - **Bullish Confirmation**: - Condition: `bullishConfirmation = emaCrossBullish and macdCrossBullish`. - Visual: Very light green background (`color.new(color.green, 90)`). - Meaning: A bullish trend is confirmed when the 9 EMA crosses above the 21 EMA AND the MACD crosses above zero. - **Bearish Confirmation**: - Condition: `bearishConfirmation = emaCrossBearish and macdCrossBearish`. - Visual: Very light red background (`color.new(color.red, 90)`). - Meaning: A bearish trend is confirmed when the 9 EMA crosses below the 21 EMA AND the MACD crosses below zero. --- ### **5. Visual Outputs** - **Reversal Zones**: - Red background for oversold conditions. - Green background for overbought conditions. - **Confirmation Zones**: - Light green background for bullish confirmation. - Light red background for bearish confirmation. - Note: The script does not plot the Bollinger Bands, EMAs, or MACD lines—only the background zones are visualized. --- ### **6. Alerts** - **Deep Oversold Alert**: Triggers when the red zone condition is met. - **Deep Overbought Alert**: Triggers when the green zone condition is met. - No alerts are set for the confirmation zones (EMA/MACD crosses). --- ### **7. How It Works** 1. **Reversal Detection**: - The script uses Bollinger Bands and RSI to flag extreme price levels (red for oversold, green for overbought). - These zones suggest potential reversals but are not confirmed yet. 2. **Trend Confirmation**: - EMA crosses (9/21) and MACD zero-line crosses provide confirmation of a trend direction. - Bullish confirmation (green) occurs when both indicators align upward. - Bearish confirmation (red) occurs when both indicators align downward. 3. **Trading Strategy**: - Look for a red zone (oversold) followed by a bullish confirmation for a potential long entry. - Look for a green zone (overbought) followed by a bearish confirmation for a potential short entry. --- ### **8. How to Use** 1. Add the script to TradingView. 2. Adjust inputs (EMA lengths, MACD settings) if desired. 3. Monitor the chart: - Red zones indicate oversold conditions—watch for a potential upward reversal. - Green zones indicate overbought conditions—watch for a potential downward reversal. - Light green/red backgrounds confirm the trend direction after a reversal zone. 4. Set up alerts for oversold/overbought conditions to catch reversal signals early. --- ### **9. Key Features** - **Dual Purpose**: Combines reversal detection (Bollinger Bands + RSI) with trend confirmation (EMA + MACD). - **Visual Simplicity**: Uses background colors instead of plotting lines, keeping the chart clean. - **Customizable**: Allows users to tweak EMA and MACD periods. - **Alerts**: Notifies users of extreme conditions for timely action. --- ### **10. Limitations** - No plotted indicators (e.g., Bollinger Bands, EMAs, MACD) for visual reference—relies entirely on background shading. - Confirmation signals (EMA/MACD) may lag behind reversal zones, potentially missing fast reversals. - No alerts for confirmation zones, limiting real-time notification of trend confirmation. This script is ideal for traders who want a straightforward way to spot potential reversals and confirm them with trend-following indicators, all overlaid on the price chart.
Pine Script® indicator
by skrillionaire1
Moving Average Convergence DivergenceThis script is written in Pine Script (version 6) for TradingView and implements the **Moving Average Convergence Divergence (MACD)** indicator. The MACD is a popular momentum oscillator used to identify trend direction, strength, and potential reversals. This version includes customizable inputs, visual enhancements (like crossover markers), and alerts for key events. Below is a detailed explanation of the script: --- ### **1. Purpose** - The script calculates and displays the MACD line, signal line, and histogram. - It highlights key events such as MACD/signal line crossovers and zero-line crosses with shapes and colors. - It provides alerts for changes in the histogram's direction (rising to falling or vice versa). --- ### **2. User Inputs** - **Fast Length**: Period for the fast moving average (default: 12). - **Slow Length**: Period for the slow moving average (default: 26). - **Source**: Data input for calculation (default: closing price, `close`). - **Signal Smoothing**: Period for the signal line (default: 9, range: 1–50). - **Oscillator MA Type**: Type of moving average for MACD calculation (options: SMA or EMA, default: EMA). - **Signal Line MA Type**: Type of moving average for the signal line (options: SMA or EMA, default: EMA). --- ### **3. MACD Calculation** The MACD is calculated in three parts: 1. **MACD Line**: Difference between the fast and slow moving averages. - Fast MA: Either SMA or EMA of the source over `fast_length`. - Slow MA: Either SMA or EMA of the source over `slow_length`. - Formula: `macd = fast_ma - slow_ma`. 2. **Signal Line**: A moving average (SMA or EMA) of the MACD line over `signal_length`. - Formula: `signal = sma_signal == "SMA" ? ta.sma(macd, signal_length) : ta.ema(macd, signal_length)`. 3. **Histogram**: Difference between the MACD line and the signal line. - Formula: `hist = macd - signal`. --- ### **4. Key Events Detection** #### **MACD/Signal Line Crossovers** - **Bullish Cross**: MACD crosses above the signal line (`ta.crossover(macd, signal)`). - **Bearish Cross**: MACD crosses below the signal line (`ta.crossunder(macd, signal)`). #### **Zero Line Crosses** - **Cross Above Zero**: MACD crosses above 0 (`ta.crossover(macd, 0)`). - **Cross Below Zero**: MACD crosses below 0 (`ta.crossunder(macd, 0)`). --- ### **5. Colors** - **MACD Line**: Green (#089981) if MACD > signal (bullish), red (#f23645) if MACD < signal (bearish). - **Signal Line**: White (`color.white`). - **Histogram**: - Positive (MACD > signal): Light green (#B2DFDB) if decreasing, darker green (#26A69A) if increasing. - Negative (MACD < signal): Light red (#FFCDD2) if increasing in magnitude, darker red (#FF5252) if decreasing in magnitude. - **Zero Line**: Gray with 50% transparency (`color.new(#787B86, 50)`). --- ### **6. Visual Outputs** #### **Plotted Lines** - **MACD Line**: Plotted with dynamic coloring based on its position relative to the signal line. - **Signal Line**: Plotted in white. - **Histogram**: Displayed as columns, with colors indicating direction and momentum. - **Zero Line**: Horizontal line at 0 for reference. #### **Shapes for Key Events** - **Bullish Cross Below Zero**: Green circle on the MACD line when MACD crosses above the signal line while still below zero. - **Bearish Cross Above Zero**: Red circle on the MACD line when MACD crosses below the signal line while still above zero. - **Cross Above Zero**: Green upward label at the zero line when MACD crosses above 0. - **Cross Below Zero**: Red downward label at the zero line when MACD crosses below 0. --- ### **7. Alerts** - **Rising to Falling**: Triggers when the histogram switches from positive (or zero) to negative. - Condition: `hist >= 0 and hist < 0`. - Message: "MACD histogram switched from rising to falling". - **Falling to Rising**: Triggers when the histogram switches from negative (or zero) to positive. - Condition: `hist <= 0 and hist > 0`. - Message: "MACD histogram switched from falling to rising". --- ### **8. How It Works** 1. **Trend Direction**: - MACD above signal line (green) suggests bullish momentum. - MACD below signal line (red) suggests bearish momentum. 2. **Momentum Strength**: - Histogram height shows the strength of the momentum (larger bars = stronger momentum). - Histogram color changes indicate whether momentum is increasing or decreasing. 3. **Reversal Signals**: - Crossovers between MACD and signal lines often signal potential trend changes. - Zero-line crosses indicate shifts between bullish (above 0) and bearish (below 0) territory. --- ### **9. How to Use** 1. Add the script to TradingView. 2. Adjust inputs (e.g., fast/slow lengths, MA types) to suit your trading style. 3. Monitor the chart: - Green MACD and upward histogram bars suggest bullish conditions. - Red MACD and downward histogram bars suggest bearish conditions. - Watch for circles (crossovers) and labels (zero-line crosses) for trade signals. 4. Set up alerts to notify you of histogram direction changes. --- ### **10. Key Features** - **Customization**: Flexible MA types and periods. - **Visual Clarity**: Dynamic colors and shapes highlight key events. - **Alerts**: Notifies users of momentum shifts via histogram changes. - **Intuitive**: Combines all MACD components (line, signal, histogram) in one indicator. This script is ideal for traders who rely on MACD for momentum analysis and want clear visual cues and alerts for decision-making.
Pine Script® indicator
by skrillionaire1
Combined EMA Technical AnalysisThis script is written in Pine Script (version 5) for TradingView and creates a comprehensive technical analysis indicator called "Combined EMA Technical Analysis." It overlays multiple technical indicators on a price chart, including Exponential Moving Averages (EMAs), VWAP, MACD, PSAR, RSI, Bollinger Bands, ADX, and external data from the S&P 500 (SPX) and VIX indices. The script also provides visual cues through colors, shapes, and a customizable table to help traders interpret market conditions. Here’s a breakdown of the script: --- ### **1. Purpose** - The script combines several popular technical indicators to analyze price trends, momentum, volatility, and market sentiment. - It uses color coding (green for bullish, red for bearish, gray/white for neutral) and a table to display key information. --- ### **2. Custom Colors** - Defines custom RGB colors for bullish (`customGreen`), bearish (`customRed`), and neutral (`neutralGray`) signals to enhance visual clarity. --- ### **3. User Inputs** - **EMA Colors**: Users can customize the colors of five EMAs (8, 20, 9, 21, 50 periods). - **MACD Settings**: Adjustable short length (12), long length (26), and signal length (9). - **RSI Settings**: Adjustable length (14). - **Bollinger Bands Settings**: Length (20), multiplier (2), and proximity threshold (0.1% of band width). - **ADX Settings**: Adjustable length (14). - **Table Settings**: Position (e.g., "Bottom Right") and text size (e.g., "Small"). --- ### **4. Indicator Calculations** #### **Exponential Moving Averages (EMAs)** - Calculates five EMAs: 8, 20, 9, 21, and 50 periods based on the closing price. - Used to identify short-term and long-term trends. #### **Volume Weighted Average Price (VWAP)** - Resets daily and calculates the average price weighted by volume. - Color-coded: green if price > VWAP (bullish), red if price < VWAP (bearish), white if neutral. #### **MACD (Moving Average Convergence Divergence)** - Uses short (12) and long (26) EMAs to compute the MACD line, with a 9-period signal line. - Displays "Bullish" (green) if MACD > signal, "Bearish" (red) if MACD < signal. #### **Parabolic SAR (PSAR)** - Calculated with acceleration factors (start: 0.02, increment: 0.02, max: 0.2). - Indicates trend direction: green if price > PSAR (bullish), red if price < PSAR (bearish). #### **Relative Strength Index (RSI)** - Measures momentum over 14 periods. - Highlighted in green if > 70 (overbought), red if < 30 (oversold), white otherwise. #### **Bollinger Bands (BB)** - Uses a 20-period SMA with a 2-standard-deviation multiplier. - Color-coded based on price position: - Green: Above upper band or close to it. - Red: Below lower band or close to it. - Gray: Neutral (within bands). #### **Average Directional Index (ADX)** - Manually calculates ADX to measure trend strength: - Strong trend: ADX > 25. - Very strong trend: ADX > 50. - Direction: Bullish if +DI > -DI, bearish if -DI > +DI. #### **EMA Crosses** - Detects bullish (crossover) and bearish (crossunder) events for: - EMA 9 vs. EMA 21. - EMA 8 vs. EMA 20. - Visualized with green (bullish) or red (bearish) circles. #### **SPX and VIX Data** - Fetches daily closing prices for the S&P 500 (SPX) and VIX (volatility index). - SPX trend: Bullish if EMA 9 > EMA 21, bearish if EMA 9 < EMA 21. - VIX levels: High (> 25, fear), Low (< 15, stability). - VIX color: Green if SPX bullish and VIX low, red if SPX bearish and VIX high, white otherwise. --- ### **5. Visual Outputs** #### **Plots** - EMAs, VWAP, and PSAR are plotted on the chart with their respective colors. - EMA crosses are marked with circles (green for bullish, red for bearish). #### **Table** - Displays a summary of indicators in a customizable position and size. - Indicators shown (if enabled): - EMA 8/20, 9/21, 50: Green dot if bullish, red if bearish. - VWAP: Green if price > VWAP, red if price < VWAP. - MACD: Green if bullish, red if bearish. - MACD Zero: Green if MACD > 0, red if MACD < 0. - PSAR: Green if price > PSAR, red if price < PSAR. - ADX: Arrows for very strong trends (↑/↓), dots for weaker trends, colored by direction. - Bollinger Bands: Arrows (↑/↓) or dots based on price position. - RSI: Numeric value, colored by overbought/oversold levels. - VIX: Numeric value, colored based on SPX trend and VIX level. --- ### **6. Alerts** - Triggers alerts for EMA 8/20 crosses: - Bullish: "EMA 8/20 Bullish Cross on Candle Close!" - Bearish: "EMA 8/20 Bearish Cross on Candle Close!" --- ### **7. Key Features** - **Flexibility**: Users can toggle indicators on/off in the table and adjust parameters. - **Visual Clarity**: Consistent use of green (bullish), red (bearish), and neutral colors. - **Comprehensive**: Combines trend, momentum, volatility, and market sentiment indicators. --- ### **How to Use** 1. Add the script to TradingView. 2. Customize inputs (colors, lengths, table position) as needed. 3. Interpret the chart and table: - Green signals suggest bullish conditions. - Red signals suggest bearish conditions. - Neutral signals indicate indecision or consolidation. 4. Set up alerts for EMA crosses to catch trend changes. This script is ideal for traders who want a multi-indicator dashboard to monitor price action and market conditions efficiently.
Pine Script® indicator
by skrillionaire1
Multi-Dimensional Momentum NavigatorMulti-Dimensional Momentum Navigator: A Comprehensive Guide Description The Multi-Dimensional Momentum Navigator is a sophisticated trading indicator designed to provide traders with an advanced and holistic view of market momentum. By incorporating multiple weighted features such as price levels, volume, moving averages, RSI, volatility, and rate of change, this indicator generates precise buy and sell signals. Additionally, it includes an enhanced volume-RSI momentum system with signal strength to improve market timing and trade execution. How It Works The script consists of two major components: 1. Optimized Trading Indicator This section of the script calculates a trading signal using a weighted sum of various market features. It then defines buy and sell conditions based on the relative strength of the trading signal compared to its moving average. 2. Enhanced Volume RSI Momentum with Signal Strength This section introduces volume-based momentum analysis using volume oscillators, RSI, and ADX (Average Directional Index). It identifies bullish and bearish conditions and includes an early warning system for predictive trading signals. Input Fields and Recommended Values Parameter, Function, and Recommended Values Period - Defines the lookback length for calculations - 14 Open Weight - Weight assigned to the open price - 0.9433 High Weight - Weight assigned to the high price - 0.9273 Low Weight - Weight assigned to the low price - 0.9603 Close Weight - Weight assigned to the close price - 0.0334 Volume Weight - Weight assigned to volume - 0.1838 MA 14 Weight - Weight assigned to 14-period SMA - -0.1351 MA 20 Weight - Weight assigned to 20-period SMA - -0.7313 Volatility Weight - Weight assigned to market volatility - 0.0334 BB Middle Weight - Weight assigned to Bollinger Bands Middle Line - 0.0886 RSI Weight - Weight assigned to RSI - -0.8139 EMA Weight - Weight assigned to EMA - 0.2540 ROC Weight - Weight assigned to Rate of Change - 0.5541 VO Short Length - Lookback length for short-term Volume Oscillator - 1 VO Long Length Lookback length for long-term Volume Oscillator 5 RSI Length - Lookback length for RSI calculation - 7 VO Bullish Threshold (%) - Threshold for bullish volume oscillator - 55 VO Bearish Threshold (%) - Threshold for bearish volume oscillator - 55 RSI Bullish Condition - RSI level indicating a bullish signal - 25 RSI Bearish Condition - RSI level indicating a bearish signal - 50 Early Detection Percentage - Percentage of threshold required for early detection -20 ADX Early Threshold - Minimum ADX value for early signal detection - 15 How a Trader Can Use the Indicator Traders can leverage this indicator for: 1. Identifying Market Trends: The trading signal, calculated from multiple weighted indicators, helps determine bullish and bearish trends. 2. Confirming Trade Entries: Buy and sell conditions are plotted directly on the chart, allowing for clear trade signals. 3. Early Warnings for Market Reversals: The enhanced volume-RSI momentum provides early bullish and bearish warnings before price movements. 4. Risk Management: The combination of ADX, RSI, and Volume Oscillators ensures that trade signals are backed by strong market conditions. Understanding the Signals on the Chart • Green Up Arrows: Buy signals, indicating a strong upward momentum. • Red Down Arrows: Sell signals, indicating a strong downward momentum. • Light Green Up Arrows (UP): Confirmation of a buy signal. • Orange Down Arrows (DOWN): Confirmation of a sell signal. • Blue Triangle Up: Early bullish warning, indicating potential upward momentum. • Orange Triangle Down: Early bearish warning, indicating potential downward momentum. How to Use the Indicator for Analysis and Trading Decisions 1. Trend Confirmation: Use the trading signal in conjunction with its moving average to confirm market direction. 2. Volume Analysis: Check if the volume oscillator is above or below its threshold to validate trade entries. 3. Momentum Strength: Use RSI and ADX readings to gauge market momentum before entering trades. 4. Early Entry & Exit: React to early warning signals for proactive market entries or exits. 5. Multi-Timeframe Analysis: Combine signals from different timeframes to strengthen trade conviction. Uniqueness and Originality What sets this indicator apart from traditional technical indicators: 1. Multi-Factor Analysis: Unlike single-indicator approaches, this combines multiple weighted factors for a holistic signal. 2. Dynamic Weighting System: Feature weights allow for customized optimization, making the indicator adaptable to different markets. 3. Predictive Early Warning System: Unlike traditional lagging indicators, this provides early trade warnings for better execution. 4. Enhanced Signal Confirmation: Incorporates multiple independent confirmations to reduce false signals and improve reliability. 5. User-Friendly Visualization: Clearly marked buy/sell and confirmation signals make it easy to interpret and act upon. Conclusion The Multi-Dimensional Momentum Navigator is a powerful, data-driven indicator that enhances trading decisions by leveraging multiple market factors. It provides traders with precise buy and sell signals, early warnings, and momentum confirmations to navigate market trends effectively. Its adaptability, predictive capabilities, and advanced feature integration make it an invaluable tool for any trader seeking a robust edge in the market.
Pine Script® indicator
by DexterMGarcia
Ichimoku CloudDetailed Description of the Pine Script Code for Ichimoku Indicator with Buy/Sell Signals 1. Indicator Declaration: Uses Pine Script version 5. Sets the title to "Enhanced Ichimoku Signals (Buy/Sell on Tenkan-sen)". Displays the indicator directly on the price chart (overlay=true). 2. Ichimoku Parameter Settings: Tenkan-sen (Conversion Line Length): Default period of 9. Kijun-sen (Base Line Length): Default period of 26. Senkou Span B (Leading Span B Length): Default period of 52. Displacement (Lagging Span): Default period of 26. 3. Signal Display Settings: Enables/disables Buy and Sell signals. Allows customization of signal colors: Buy Signal: Green upward arrow. Sell Signal: Red downward arrow. 4. Ichimoku Component Calculations: Donchian Channel: Computes the average between the highest and lowest prices over a defined period. Tenkan-sen: Average of the highest and lowest prices over the last 9 periods. Kijun-sen: Average of the highest and lowest prices over the last 26 periods. Senkou Span A: Average of Tenkan-sen and Kijun-sen. Senkou Span B: Average of the highest and lowest prices over the last 52 periods. 5. Plotting Ichimoku Lines: Plots Tenkan-sen in blue. Plots Kijun-sen in red. 6. Buy/Sell Signal Conditions: Buy Signal: Previous candle closed below Tenkan-sen. Current candle closes above Tenkan-sen. Sell Signal: Previous candle’s high was above or equal to Tenkan-sen. Current candle closes below Tenkan-sen. 7. Displaying Buy/Sell Signals: Buy Signal: Green upward arrow appears below the candle when triggered. Sell Signal: Red downward arrow appears above the candle when triggered. Signal visibility is controlled by showBuySignals and showSellSignals settings. 8. Trade Alerts: Alerts are generated when a Buy or Sell signal is triggered. Notifications specify whether a candle closed above or below Tenkan-sen. 9. Error Handling with plot(na): A dummy plot(na) ensures at least one plot function exists, preventing script errors. Summary of Functionality: Computes Ichimoku lines (Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B). Identifies Buy/Sell signals based on: Candle’s closing position relative to Tenkan-sen. Previous candle’s high/low position. Plots Buy/Sell signals with customizable colors. Triggers alerts for trade signals.
Pine Script® indicator
by khangvitan
Smart % Levels📈 Smart % Levels – Visualize Significant Percentage Moves What it does: This indicator plots horizontal levels based on a percentage change from the previous day's close (or open, if selected). It allows traders to visualize price movements relative to meaningful thresholds like ±1%, ±2%, etc. What makes it different: Unlike other level indicators, Smart % Levels only displays the relevant levels based on current price action. This avoids clutter by showing only the levels that are being approached or crossed by the current price. It's a clean and dynamic way to visualize key price zones for intraday analysis. How it works: - Select between using the previous day's Close or Open as the reference - Choose the percentage spacing between levels (e.g., 1%, 0.5%, etc.) - Enable optional labels to see the exact percentage of each level - Automatically filters levels to only show those between yesterday's price and today's current price - Includes customization for colors, line styles, widths, and opacity Best for: Day traders and scalpers who want a quick, clean view of how far the current price has moved from yesterday’s reference, without being overwhelmed by unnecessary lines. Extra notes: - The levels are recalculated each day at the market open - All graphics reset at the start of each session to maintain clarity - This script avoids repainting by only plotting levels relative to available historical data (no lookahead) This tool is for informational purposes only and should not be considered as financial advice. Always do your own research before making trading decisions.
Pine Script® indicator
by Julien_Eche
ATR & PTR TableThe ATR & PTR Table Indicator displays a dynamic table that provides Average True Range (measures market volatility over 1D, 1W, and 1M timeframes), Price trading range (difference between the high and low prices over the same periods) & percentage of the typical range that has been traded. This indicator will help traders identify potential breakout zones and assess volatility across multiple timeframes. This had been optimized to show ATR and PTR on every time frame. The (1D) represents ATR on whatever timeframe you are currently on.
Pine Script® indicator
by Jamel-Rashad
MA SniperThis indicator automatically finds the most effective moving average to use in a price crossover strategy—so you can focus on trading, not testing. It continuously evaluates a wide range of moving average periods, ranks them based on real-time market performance, and selects the one delivering the highest quality signals. The result? A smarter, adaptive tool that shows you exactly when price crosses its optimal moving average—bullish signals in green, bearish in red. What makes it unique is the way it thinks. Under the hood, the script doesn’t just pick a random MA or let you choose one manually. Instead, it backtests a large panel of moving average lengths for the current asset and timeframe. It evaluates each one by calculating its **Profit Factor**—a key performance metric used by pros to measure the quality of a strategy. Then, it assigns each MA a score and ranks them in a clean, built-in table so you can see, at a glance, which ones are currently most effective. From that list, it picks the top-performing MA and uses it to generate live crossover signals on your chart. That MA is plotted automatically, and the signals adapt in real-time. This isn’t a static setup—it’s a dynamic system that evolves as the market evolves. Even better: the indicator detects the type of instrument you’re trading (forex, stocks, etc.) and adjusts its internal calculations accordingly, including how many bars per day to consider. That means it remains highly accurate whether you’re trading EURUSD, SPX500, or TSLA. You also get a real-time dashboard (via the table) that acts as a transparent scorecard. Want to see how other MAs are doing? You can. Want to understand why a certain MA was selected? The data is right there. This tool is for traders who love crossover strategies but want something smarter, faster, and more precise—without spending hours manually testing. Whether you're scalping or swing trading, it offers a data-driven edge that’s hard to ignore. Give it a try—you’ll quickly see how powerful it can be when your MA does the thinking for you. This tool is for informational and educational purposes only. Trading involves risk, and past performance does not guarantee future results. Use responsibly.
Pine Script® indicator
by Julien_Eche
1
Opening Range BreakoutThis is an Opening Range Breakout script. It will plot the opening range high and low (green and red lines, respectively) as determined by the user input (default is a 15 min window from market open, 9:30 - 9:45 am). The time period for the breakout is also configured by a user input (default is from 9:45 am - 2:30 pm). Alerts are sent for breakouts either above (bullish) or below (bearish) the opening range high and low. An EMA is also used for trend confirmation before sending alerts for breakouts (to avoid false signals). A bullish breakout is determined by all of the following being true: - The current price being above the opening range high (green line) - The EMA trending up (ie the current value of the EMA > prior EMA value) - The current price is > the EMA - The EMA is > the opening range high A bearish breakout is determined by all of the following being true: - The current price being below the opening range low (red line) - The EMA trending down (ie the current value of the EMA < prior EMA value) - The current price is < the EMA - the EMA is < the opening range low Enjoy this simple indicator!
Pine Script® indicator
by jdraket
1
VIX bottom/top with color scale [Ox_kali]📊 Introduction ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The “VIX Bottom/Top with Color Scale” script is designed to provide an intuitive, color-coded visualization of the VIX (Volatility Index), helping traders interpret market sentiment and volatility extremes in real time. It segments the VIX into clear threshold zones, each associated with a specific market condition—ranging from fear to calm—using a dynamic color-coded system. This script offers significant value for the following reasons: Intuitive Risk Interpretation: Color-coded zones make it easy to interpret market sentiment at a glance. Dynamic Trend Detection: A 200-period SMA of the VIX is plotted and dynamically colored based on trend direction. Customization and Flexibility: All colors are editable in the parameters panel, grouped under “## Color parameters ##”. Visual Clarity: Key thresholds are marked with horizontal lines for quick reference. Practical Trading Tool: Helps identify high-risk and low-risk environments based on volatility levels. 🔍 Key Indicators ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ VIX (CBOE Volatility Index) : Measures market volatility and investor fear. SMA 200 : Long-term trendline of the VIX, with color-coded direction (green = uptrend, red = downtrend). Color-coded VIX Levels: 🔴 33+ → Something bad just happened 🟠 23–33 → Something bad is happening 🟡 17–23 → Something bad might happen 🟢 14–17 → Nothing bad is happening ✅ 12–14 → Nothing bad will ever happen 🔵 <12 → Something bad is going to happen 🧠 Originality and Purpose ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Unlike traditional VIX indicators that only plot a line, this script enhances interpretation through visual segmentation and dynamic trend tracking. It serves as a risk-awareness tool that transforms the VIX into a simple, emotional market map. This is the first version of the script, and future updates may include alerts, background fills, and more advanced features. ⚙️ How It Works ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The script maps the current VIX value to a range and applies the corresponding color. It calculates a SMA 200 and colors it green or red depending on its slope. It displays horizontal dotted lines at key thresholds (12, 14, 17, 23, 33). All colors are configurable via input parameters under the group: "## Color parameters ##". 🧭 Indicator Visualization and Interpretation ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The VIX line changes color based on market condition zones. The SMA line shows long-term direction with dynamic color. Horizontal threshold lines visually mark the transitions between volatility zones. Ideal for quickly identifying periods of fear, caution, or stability. 🛠️ Script Parameters ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Grouped under “## Color parameters ##”, the following elements are customizable: 🎨 VIX Zone Colors: 33+ → Red 23–33 → Orange 17–23 → Yellow 14–17 → Light Green 12–14 → Dark Green <12 → Blue 📈 SMA Colors: Uptrend → Green Downtrend → Red These settings allow users to match the script’s visuals to their preferred chart style or theme. ✅ Conclusion ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ The “VIX Bottom/Top with Color Scale” is a clean, powerful script designed to simplify how traders view volatility. By combining long-term trend data with real-time color-coded sentiment analysis, this script becomes a go-to reference for managing risk, timing trades, or simply staying in tune with market mood. 🧪 Notes ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ This is version 1 of the script. More features such as alert conditions, background fill, and dashboard elements may be added soon. Feedback is welcome! 💡 Color code concept inspired by the original VIX interpretation chart by @nsquaredvalue on Twitter. Big thanks for the visual clarity! 💡 ⚠️ Disclaimer ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ This script is a visual tool designed to assist in market analysis. It does not guarantee future performance and should be used in conjunction with proper risk management. Past performance is not indicative of future results.
Pine Script® indicator
by Ox_kali
MA Trend ScoreA Trend Score Indicator inspired by an interview by Navy Ramavat, where I liked the idea presented and decided to publish a script for it. Disclaimer: I am not associated with Navy Ramavat in any manner. The goal is to objectify the trend of an instrument and calculate a score which represents the trend strength and direction. The score is calculated as follows: If price is > EMA 20 add 1 to the score If price is > EMA 50 add 1 to the score If price is > EMA 100 add 1 to the score If EMA 20 is > EMA 50 add 1 to the score If EMA 20 is > EMA 100 add 1 to the score If EMA 50 is > EMA 100 add 1 to the score If EMA 20 is < EMA 50 deduct 1 from the score If EMA 20 is < EMA 100 deduct 1 from the score If EMA 50 is < EMA 100 deduct 1 from the score The highest score can be 6, and lowest score can be -6 The trend score can be used as per your discretion on the long and short side. An example of using the trend score on the long side for position sizing is: 100% position size if Score greater than 4 75% position size if Score between 2-4 50% position size if Score between 0-2 25% position size if Score between 0 and -2 0% position size if Score is less than -2
Pine Script® indicator
by meterdown
EMA vs SMA Crossover (Toggle 15/20) by AaronEscaThis custom indicator by AaronEsca lets you toggle between a 15-period or 20-period EMA/SMA crossover to spot trend shifts and momentum changes earlier. Features: Choose between 15 or 20 period moving averages using a simple dropdown. Highlights when the EMA crosses above or below the SMA — a signal of trend momentum or exhaustion. Includes visual fill between the two lines for instant trend direction insight. Alerts included for bullish and bearish crossovers. Designed for use on the 4H, 1H, and Daily timeframes, but flexible for any strategy. This tool is perfect for swing traders, scalpers, or anyone wanting early confirmation of a potential reversal or momentum break.
Pine Script® indicator
by aaronescalante07
IDX - 5UPThe UDX-5UP is a custom indicator designed to assist traders in identifying trends, entry and exit signals, and market reversal moments with greater accuracy. It combines price analysis, volume, and momentum (RSI) to provide clear buy ("Buy") and sell ("Sell") signals across any asset and timeframe, whether you're a scalper on the 5M chart or a swing trader on the 4H chart. Inspired by robust technical analysis strategies, the UDX-5UP is ideal for traders seeking a reliable tool to operate in volatile markets such as cryptocurrencies, forex, stocks, and futures. Components of the UDX-5UP The UDX-5UP consists of three main panels that work together to provide a comprehensive view of the market: Main Panel (Price): Pivot Supertrend: A dynamic line that changes color to indicate the trend. Green for an uptrend (look for buys), red for a downtrend (look for sells). SMAs (Simple Moving Averages): Two SMAs (8 and 21 periods) to confirm the trend direction. When the SMA 8 crosses above the SMA 21, it’s a bullish signal; when it crosses below, it’s a bearish signal. Entry/Exit Signals: "Buy" (green) and "Sell" (red) labels are plotted on the chart when entry or exit conditions are met. Volume Panel: Colored Volume Bars: Green bars indicate dominant buying volume, while red bars indicate dominant selling volume. Volume Moving Average (MA 20): A blue line that helps identify whether the current volume is above or below the average, confirming the strength of the movement. RSI Panel: RSI (Relative Strength Index): Calculated with a period of 14, with overbought (70) and oversold (30) lines to identify momentum extremes. Divergences: The indicator detects divergences between the RSI and price, plotting signals for potential reversals. How the UDX-5UP Works The UDX-5UP uses a combination of rules to generate buy and sell signals: Buy Signal ("Buy"): The Pivot Supertrend changes from red to green. The SMA 8 crosses above the SMA 21. The volume is above the MA 20, with green bars (indicating buying pressure). The RSI is rising and, ideally, below 70 (not overbought). Example: On the 4H chart, the price of Tether (USDT) is at 0.05515. The Pivot Supertrend turns green, the SMA 8 crosses above the SMA 21, the volume shows green bars above the MA 20, and the RSI is at 46. The UDX-5UP plots a "Buy". Sell Signal ("Sell"): The Pivot Supertrend changes from green to red. The SMA 8 crosses below the SMA 21. The volume is above the MA 20, with red bars (indicating selling pressure). The RSI is falling and, ideally, above 70 (overbought). Example: On the 4H chart, the price of Tether rises to 0.05817. The Pivot Supertrend turns red, the SMA 8 crosses below the SMA 21, the volume shows red bars, and the RSI is above 70. The UDX-5UP plots a "Sell". RSI Divergences: The indicator identifies bullish divergences (price makes a lower low, but RSI makes a higher low) and bearish divergences (price makes a higher high, but RSI makes a lower high), plotting alerts for potential reversals. Adjustable Settings The UDX-5UP is highly customizable to suit your trading style: Pivot Supertrend Period: Default is 2. Increase to 3 or 4 for more conservative signals (fewer false positives, but more lag). SMA Periods: Default is 8 and 21. Adjust to 5 and 13 for smaller timeframes (e.g., 5M) or 13 and 34 for larger timeframes (e.g., 1D). RSI Period: Default is 14. Reduce to 10 for greater sensitivity or increase to 20 for smoother signals. Overbought/Oversold Levels: Default is 70/30. Adjust to 80/20 in volatile markets. Display Panels: You can enable/disable the volume and RSI panels to simplify the chart. How to Use the UDX-5UP Identify the Trend: Use the Pivot Supertrend and SMAs to determine the market direction. Uptrend: look for buys. Downtrend: look for sells. Confirm with Volume and RSI: For buys: Volume above the MA 20 with green bars, RSI rising and below 70. For sells: Volume above the MA 20 with red bars, RSI falling and above 70. Enter the Trade: Enter a buy when the UDX-5UP plots a "Buy" and all conditions are aligned. Enter a sell when the UDX-5UP plots a "Sell" and all conditions are aligned. Plan the Exit: Use Fibonacci levels or support/resistance on the price chart to set targets. Exit the trade when the UDX-5UP plots an opposite signal ("Sell" after a buy, "Buy" after a sell). Tips for Beginners Start with Larger Timeframes: Use the 4H or 1D chart for more reliable signals and less noise. Combine with Other Indicators: Use the UDX-5UP with tools like Fibonacci or the Candles RSI (another powerful indicator) to confirm signals. Practice in Demo Mode: Test the indicator in a demo account before using real money. Manage Risk: Always use a stop-loss and don’t risk more than 1-2% of your capital per trade. Why Use the UDX-5UP? Simplicity: Clear "Buy" and "Sell" signals make trading accessible even for beginners. Versatility: Works on any asset (crypto, forex, stocks) and timeframe. Multiple Confirmations: Combines price, volume, and momentum to reduce false signals. Customizable: Adjust the settings to match your trading style. Author’s Notes The UDX-5UP was developed based on years of trading and technical analysis experience. It is an evolution of tested strategies, designed to help traders navigate volatile markets with confidence. However, no indicator is infallible. Always combine the UDX-5UP with proper risk management and fundamental analysis, especially in unpredictable markets. Feedback is welcome – leave a comment or reach out with suggestions for improvements!
Pine Script® indicator
by Marrulk